The duties on hot-rolled stainless steel sheets and coils include a rate of 17% on shipments from two Indonesian subsidiaries of Chinese stainless steel maker Tsingshan Holding Group, whose rapid expansion and low production costs in the southeast Asian country have left EU producers fretting over market share.
It is expected the duties will restore fair trading conditions, end the price depression and allow the EU industry to recover, said the regulation dated April 7, noting price pressure had had a serious impact on profitability.
Read more: Reuters
